Hello RV and all Group members...The mkts ( and the VIX ) are seeing numbers not
seen for over 5 years. Predicting this mkt recently weighs the same odds as
hitting the Powerball. However, the day after I issued the last statement
regarding the VIX and the Mkts, the stockmarket surged several hundred points
and the SPX rallied 100 points...I must reiterate that the VIX is NOT a
long-term indicator - strictly short term...However, based on the VIX and its
current overextended position ( now trading at 53.39, currently up a whopping 19
% ) , the mkts are ripe for a turnaround here...The SPX is also trading at 1037,
sever3ely oversold.. Look for at least a short-term turnaround from these levels
- a great point at which to begin bottom-fishing. The Nasdaq stocks look
attractive to me at these levels..Again, the VIX is spiking significantly today
and indicating at least a reflexive move to the upside is imminent. Have a good
day trading. Sincerely, hg


----- Original Message ----
From: rvdidit <rvdidit@...>
To: advancedoptionstrategies@yahoogroups.com
Sent: Monday, October 6, 2008 9:24:06 AM
Subject: [Advanced Option Strategies] Re: The VIX & the Mkts...


Hi all,

Several months ago I predicted 50 to 60 on the VIX before this bear
market action is over, based on a monthly chart 200 day moving average.

We hit a high over 48 last week and now the 200 DMA has picked up
momentum in the UP direction..

I maintain my prediction, at least.
Any short positions on the VIX have probably been loosers?

RVD
>
> Wednesday , 9-17-08 , 10:10am...Based on my reading of the VIX
currently, it is time for a turnaround in this mkt at any time...The
Dow is currently - 149 and the S&P is currently trading @
1195...Expect a rally at any time now..To those daytraders out there -
I'm recommending you go long the SPX or the NDX 100 and write puts on
either of these indexes now...Have a nice day trading...Sincerely , hg
>
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